Gold posts gains even as Trump delays China tariff increase

For all its worth, the past week has been key for the world's two largest economies, as are their future actions.

Market access - a long-time concern for US, European and other foreign businesses and at the top of the Trump administration's list of gripes - remains a problem for about three-quarters of companies.

The Justice Department announced criminal charges last month against Huawei and its chief financial officer, Meng Wanzhou, alleging bank and wire fraud, violations of US sanctions on Iran, and a conspiracy to obstruct justice related to the investigation. Trade uncertainty between the two countries has been a significant overhang to the markets in recent months. Progress with U.S. -China trade talks helped lift markets broadly in Asia and Europe.

"China is still a critically important market for many American companies, and the bilateral economic relationship is too important to not get right".

These centre on USA demands that China undertake "structural reforms" to its economy, in the area of technological and industrial development, including an end to alleged forced technology transfers and the theft of intellectual property, as well as a pull-back of state subsidies to major industries regarded as "market distorting". That explains the dollar's decline on fading US-China trade tensions. -China technology competition will impact the trade talks.

ENERGY: U.S. crude oil gave up 8 cents to $55.40 per barrel in electronic trading on the New York Mercantile Exchange.

According to data released by Tariffs Hurt the Heartland - a campaign backed by NRF - recent tariffs imposed by the administration cost USA businesses $2.7 billion in November 2018 alone. The offer pushed Newmont shares 2 percent higher. President Trump now says that the discussion with the Chinese has gone so well, he's delaying this rise in tariffs until they sort out an agreement. He said there had been "productive talks" on some of the more hard issues and he's willing to meet with Chinese President Xi Jinping if negotiations progress.

The U.S.is also restricting Chinese investment in high-tech American industries and U.S. exports of sensitive technology to China.

Shares declined Tuesday, backtracking from Monday's rally spurred by news that President Donald Trump had pushed back a deadline for raising tariffs on imports from China to allow time for more negotiations.

The move by US fund managers into Chinese equities comes as investors have been moving steadily back into emerging markets after many abandoned the category amid the global stock market turmoil in the last quarter of 2018.

A potential stumbling block is Chinese resistance to US pressure for an enforcement mechanism with penalties if Beijing fails to carry out its commitments.

Lighthizer explained that MOUs are in fact contracts, only to be contradicted by Trump, which caused China's Vice Premier Liu He to laugh out loud. China's banks made a record $477 billion in new loans in January.

Trump has said he would likely have to meet one-on-one with Xi - probably late next month at Trump's Mar-a-Lago resort in Florida - to resolve the thorniest issues.

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